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ZigZag and Fractals MT4

ZigZag_FT is a combination of two good indicators.

The first one is ZigZag with adjustable wave height (found it in Code Base). The second on is Bill Williams' fractals.

These indicators complement each other. ZigZag is used for detecting Elliott waves, and Fractals show the structure of each wave.

The height of ZigZags can be (and it should be) adjusted depending on the timeframe the indicator is used with.

Fitted values of "Minimum points in a ray" parameter for different timeframes are listed below:

Timeframe Minimum poins in a ray
M15 21, or 210 for 5-digit quotes
M30 34, or 340 for 5-digit quotes
H1 55, or 550 for 5-digit quotes
H4  89, or 890 for 5-digit quotes 

If you don't like them, you can experiment with other values. But note that with the selected values the ZigZag waves on the chart must match the corresponding Elliott cycles. So you could see them. And the fractals will show the structure of each wave (you can count subwaves it consists of).

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CURRENTLY 39% OFF !!   Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a secret formula. With only ONE chart it gives Alerts for all 28 currency pairs . Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity! Built on new underlying algorithms it makes it even easier to identify an
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Lighthouse
Lighthouse
Daniel Stein
You want to become a constantly profitable 5-star forex trader? 1.  Read the basic description of our simple trading  system   &  and it's major strategy update in 2020   2.   Send a screenshot of your purchase  to get your personal invitation to our exclusive trading chat Lighthouse is an amazing precise and reliable support and resistance indicator. It displays the most important trading levels and draws them according to their relevance. If a level is clearly broken, it changes its rol
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TickUnit Scalper Currency Strength28 PRO
TickUnit Scalper Currency Strength28 PRO
Bernhard Schweigert
CURRENTLY 26% OFF !!   This indicator is a super combination of both our main indicators ( Advanced Currency Strength 28 and Advanced Currency IMPULSE with ALERT ). It shows Currency Strength values for TICK-UNITS and alert signals for 28 Forex pairs. 11 different Tick-Units can be used. Those are 1, 2, 3, 4, 5, 6, 10, 12, 15, 20, and 30 Seconds. The Tick-Unit bar in the sub-window will be shown and shifted to the left when there is at least 1 tick within the second’s timer.  With only ONE
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Energy line is calculated similar to kinetic energy in physics: E = (mv^2)/2. Tick volumes (money stock) are used as mass, while price rate of change (ROC) is used as velocity. Energy direction (positive or negative) is defined by ROC direction. Chaikin Volatility (CHV) indicator is additionally used. Since the volatility starts increasing before the price actually moves, CHV notifies of the increased market activity in advance. Calculations result in the energy release, which usually occurs bef
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CE Oscillator MT4
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Sergey Stachurlov
The Forecast Moving average and Emission MT4 (FME) indicator calculates four lines. Forecast  is the price forecast with horizon 5. Fast moving average  - fast moving average with the averaging period FastPeriod.  Slow moving average - slow moving averaging with the averaging period SlowPeriod Emission  - adaptive emission line. The idea of plotting this line was inspired by Sergey Pavlov's article "Drawing Indicator's Emissions in MQL5". The line is automatically rearranged depending on the cha
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CE oscillator for FME indicator MT4
CE oscillator for FME indicator MT4
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CE oscillator for FME indicator MT4 is a version of the CE oscillator tailored for use together with the Forecast Moving average and Emission MT4 (FME) trend indicator. Input is formed by the FME data alone. Two indicators are brought together as a single trading system using identical settings of the main parameters (see screenshots of the parameter windows). Additional parameters: err - round-off error of the Energy parameter value. It decreases the Energy line "contact noise" when it is near
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SCE Oscillator
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Sergey Stachurlov
SCE (Statistical Cumulative Energy) Oscillator is based on calculations of statistical parameters of input parameters' time series. Two moving averages are used for market entry. In the parameter settings (Fig. 1), users can specify the look of each moving average, as well as its smoothing period and type of price used for its calculation. Additional parameter (ArrowShow) displays the arrows showing the current direction of the indicator lines and server time.  Graphical constructions of the ind
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Energy
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Sergey Stachurlov
Energy line is calculated similar to kinetic energy in physics: E = (mv^2)/2. Tick volumes (money stock) are used as mass, while price rate of change (ROC) is used as velocity. Energy direction (positive or negative) is defined by ROC direction. Chaikin Volatility (CHV) indicator is additionally used. Since the volatility starts increasing before the price actually moves, CHV notifies of the increased market activity in advance. Calculations result in the energy release, which usually occurs bef
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Forecast Moving average  and Emission
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Sergey Stachurlov
The Forecast Moving average and Emission (FME) indicator calculates three lines. Forecast is the price forecast calculated with the horizon specified in the input parameter FcPeriod. The price type based on which the forecast is calculated is specified in the input parameter InpPrice.  Moving average is a moving average whose type is selected in the InpMA parameter and the averaging period is set in the MaPeriod parameter.  Emission is the adaptive emission line. The idea of plotting this line w
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SCE oscillator for FME indicator
SCE oscillator for FME indicator
Sergey Stachurlov
CE oscillator for FME indicator is a version of the CE oscillator tailored for use together with the Forecast Moving average and Emission (FME) trend indicator. Input is formed by the FME data alone. Two indicators are brought together as a single trading system using identical settings of the main parameters (see screenshots of the parameter windows). Additional parameters: err - round-off error of the Energy parameter value. It decreases the Energy line "contact noise" when it is near 0. Arrow
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Gennadiy Voltornist
11927
Gennadiy Voltornist 2017.10.28 19:57 
 

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Maksym Mudrakov
25688
Maksym Mudrakov 2016.08.30 19:42 
 

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Vadim Strelkov
7809
Vadim Strelkov 2014.05.06 15:18 
 

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